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The rupee fell the most among emerging market peers on Tuesday as shares slumped after weak global manufacturing surveys raised growth concerns, while month-end dollar demand from importers also hurt sentiment for the local unit.Surveys showed French business activity contracted in September, while Germany's manufacturing sector expanded at its slowest pace since June 2013.Meanwhile, a private survey ...
L Capital, Temasek Holdings and International Finance Corp are in advanced talks to buy a 30 percent stake in the retail arm of Aditya Birla Group for about $400-500 million, two sources with direct knowledge of the matter told Reuters.The sources said the three private equity funds are looking to buy the stake in Aditya Birla Retail, which includes apparel maker Madura Fashion & Lifestyle, department ...
Snapping three days of losses, gold prices rebounded by Rs 150 to Rs 27,000 per ten gram in the national capital today on emergence of buying by jewellers and retailers at existing lower levels amid a firm global trend. Silver followed suit and recovered by Rs 250 to Rs 39,500 per kg on increased offtake by industrial offtake. Traders said emergence of buying at prevailing lower levels by jewellers ...
Stocks of jewellery companies jumped up to 20 per cent on Monday, owing to expectations the fall in bullion prices would lead to a sharp jump in retail sales during the coming festive season. Shares of Delhi-based P C Jeweller soared 20 per cent to close at Rs 258.25 apiece, while those of Shree Ganesh Jewellery rose 15 per cent to Rs 33.29. The Gitanjali Gems, Asian Star and Rajesh Exports stocks ...
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